Get ready to trade PYUSD/ZAR and PYUSD/USDT on VALR starting from Tuesday, 30 January at 9:11am (UTC). Users can now start depositing PYUSD in preparation for the launch.
Stages of the launch
The launch will roll-out over four stages as described below:
- PYUSD deposits (already open): Users can fund their VALR accounts with PYUSD (ERC-20) via the Ethereum network.
- Post-only (30 January @9:11am UTC): In this stage, starting at 9:11am UTC, customers will be able to post buy-orders and sell-orders on the Exchange Buy/Sell screen. No matching (or completion) of trades will be allowed, which will give time for the order book to fill up with sufficient liquidity from traders. This stage will last a minimum of 10 minutes.
- Limit-only (at least 10 minutes after Post-only stage): In this stage, customers can only place limit orders on the Exchange Buy/Sell screen (market orders and the Simple Buy/Sell feature will not yet be enabled). During this stage, orders will be allowed to match. This stage will last at least 10 minutes.
- Full trading (at least 10 minutes after Limit-only stage): All trades, including market orders and Simple Buy/Sell orders will be allowed.
We may keep any particular stage open as long as is needed to ensure a healthy market dynamic. Please follow @VALRdotcom on Twitter(X), where announcements will be made as the launch progresses from stage to stage.
Important note
Only deposit or withdraw PayPal USD (PYUSD) via the Ethereum network. Depositing or withdrawing PYSUD using any other network will result in a loss of funds.
Risk warning: Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
If you have any questions, please contact our support team here and make sure to follow our Twitter (X) account for regular updates.